Watch: Warsh speaks after Fed hikes interest rates

Federal Reserve Chair Kevin Warsh delivered remarks Wednesday afternoon after the central bank opted to raise interest rates by 0.25 percent to tame inflation amid the Iran war.

The Federal Open Market Committee voted unanimously to increase the rate to a range of 3.75 to 4 percent, its first hike in over three years — and the first time in nearly a year the figure touched 4 percent.

The bank has faced growing pressure from President Trump to slash rates, and the latest decision risks throwing a wrench into Warsh’s relationship with the president.